Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it… Read More »The tax rules of renting out a vacation property
Business owners are regularly urged to “see the big picture.” In many cases, this imperative applies to a pricing adjustment or some other strategic planning… Read More »360-degree feedback helps business owners see the big picture
If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow for… Read More »Establish a tax-favored retirement plan
Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of… Read More »When inheriting money, be aware of “income in respect of a decedent” issues
Although there have been some positive signs for the U.S. economy thus far in 2022, many businesses are still reeling from last year’s “Great Resignation.”… Read More »Business owners, lean into sales staff retention
In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services instead of… Read More »Does your business barter? Here are some facts you should know
Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the… Read More »Lost your job? Here are the tax aspects of an employee termination
Common sense dictates that every company, no matter how small, should carry various forms of business insurance. But that doesn’t mean you should pay unnecessarily… Read More »5 ways to control your business insurance costs
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses.… Read More »The election to apply the research tax credit against payroll taxes
If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way… Read More »There still may be time to cut your tax bill with an IRA
Under just about any circumstances, the word “leakage” has negative connotations. And so it follows that this indeed holds true for retirement planning as well.… Read More »Should your business address retirement plan leakage?
If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you… Read More »Can you deduct the costs of a spouse on a business trip?